231 E San Fernando is a fully stabilized, turnkey multifamily asset in the heart of Downtown San Jose. The property has completed a fully permitted remodel, significantly increasing bedroom count and rental income. All major value-add work has been completed, allowing a new owner to immediately benefit from strong in-place cash flow. Located directly across from San Jose State University(SJSU), the property enjoys consistent rental demand, minimal vacancy, and easy leasing. Supported by a strong student tenant base and proximity to Silicon Valley employers, this asset offers both immediate yield and long-term growth potential.
Listed by Huan Fang
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License #02148629
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Suen, Peter
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5412398
Last updated May 11, 2026
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Source: SFAR #426129453
Listing Facts
TypeMulti-family
NeighborhoodNorth Campus
Days on Prevu37
Size7,776 sqft
Price per sqft$590
Amenities
Pets Allowed
Parking
Location
Mortgage Calculator
Listing History
05/11/2026
Listed by Suen, Peter
$4,590,000
Property Details for 231 East San Fernando Street
Exterior
Construction
Number Of Units Total: 12
Property Condition: Updated/Remodeled
Roof: Flat
Stories: 3
Stories Total: 3
Year Built: 1960
Construction Materials: Frame, Stucco
Measurements
Lot Features: Shape Regular
Lot Size Acres: 0.15
Lot Size Source: Assessor Auto-Fill
Lot Size Square Feet: 6,599
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.9
Taxes
Parcel Number: 467-24-008
Interior
Features
Appliances: Free Standing Electric Range, Free Standing Gas Oven, Free Standing Refrigerator, Microwave
Flooring: Tile, Vinyl
Measurements
Living Area: 7,776
Living Area Source: Assessor Auto-Fill
Rooms
Rooms Total: 36
Parking
Parking
Parking Features: Carport
Parking Total: 10
Utilities
Equipment
Cooling: Room Air, Window Unit(s)
Heating: Wall Furnace
Laundry Features: Coin Operated, In Common Area, In Each Unit
Sewer: Public Sewer
Utilities: City, Electric, Internet Available, Natural Gas Connected, Sewer Connected
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 231 East San Fernando Street.
Does this multi-family home have parking?
Yes, there are 10 parking spaces available for 231 East San Fernando Street.
How does 231 East San Fernando Street compare to other multi-family homes in North Campus?
This multi-family home is listed 171% above the average price for multi-family homes in North Campus and has been on the market for 9 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 7,776 sqft.
231 East San Fernando Street is a -bedroom multi-family home for sale in San Jose CA 95112. Available on Prevu for 37 days at $4,590,000. This property features 7,776 square feet of living space, located in San Jose. The median listing price for multi-family homes in this area is $1,692,000. The home offers pets allowed and parking. Explore more multi-family home listings in San Jose.
Based on information from San Francisco Association of REALTORS® and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.